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Korea National Pension Refund Calculator for Foreigners (국민연금 반환일시금)

KRW
months
Estimated Pension Refund
—KRW
Monthly Pension Contribution (4.5%)—
Months Contributed—
Total Contributions (employee only)—
Estimated Refund (with interest)—
The actual refund includes interest calculated by NPS. Employer contributions are NOT refunded to you. Apply within 5 years of leaving Korea.

How to Get Your Pension Refund When Leaving Korea

  1. Leave Korea (departure is required for most nationalities)
  2. Apply online at NPS website (nps.or.kr) or at a Korean embassy abroad
  3. Submit: passport copy, bank account details, departure confirmation
  4. Receive refund within 2-4 weeks to your overseas bank account

Who Can Get a Pension Refund?

Foreigners who paid into Korea National Pension (국민연금) and are leaving Korea permanently can claim a lump-sum refund (반환일시금). Citizens of countries with social security agreements with Korea may have different rules — check the NPS website for your nationality.

Note: Citizens of some countries (e.g. USA, Germany) cannot get a refund due to social security treaties, but can transfer contributions to their home country pension system.

FAQ

Can Americans get a Korea pension refund?
No. The US and Korea have a social security totalization agreement. US citizens cannot receive a lump-sum refund but can count their Korean pension contributions toward US Social Security benefits. Contact the Social Security Administration for details.
How long do I have to apply for a refund?
You must apply within 5 years of leaving Korea or becoming eligible. After 5 years, the right to claim expires. Apply as soon as possible after departure.
Do I get the employer contributions back too?
No. Only your own contributions (4.5% of salary) are refunded, plus interest. The employer contributions (4.5%) are not returned to you.

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This calculator provides estimates only. For accurate refund amounts, contact the National Pension Service (nps.or.kr) or call 1355.